Bloomberg picks Amsterdam for its post-Brexit base

Amsterdam has won another major player in the fixed income markets

By

Samuel Agini

May 8, 2018 Updated: 4:28 p.m. GMT

Bloomberg, the financial market data powerhouse, is to set up a European base in Amsterdam to ensure all its clients are able to continue trading and reporting in the event of a disruptive "hard" Brexit next year.

The firm, which was founded by former bond trader Michael Bloomberg in 1981, had been seeking the best location for both its European Union trading platform and two businesses that allow banks to report information on transactions, given that these entities currently sit in London.